Charles is a writer for Oilprice.com
According to a U.S. Department of Transportation report, U.S. airlines raked in a profit of $25.6 billion last year, a 241 percent increase from 2014,…
A group of 68 lawmakers are trying to maintain the momentum of protest against Arctic oil drilling by calling on U.S. Department of Interior Secretary…
As post-sanction Iran moves forward quickly with the development of its oil and gas resources, South Korean state-owned energy giant Kogas has secured an MOU…
Major head fund manager David Einhorn of Greenlight Capital is taking a long, macro position in natural gas, expecting prices to climb further as wells…
The average price of gas is now hovering at a cost that is rather unattractive to drivers at $2.22 per gallon, according to AAA. The…
Two more oil companies have filed for Chapter 11 bankruptcy protection, as crude oil prices hover just above $45 per barrel and financial woes take…
Oil production in the United States fell to 9.129 mbpd from 9.180 mbpd in February, which equals a 0.6 percent decline, according to the data…
Natural gas prices have jumped in the aftermath of an explosion Friday in western Pennsylvania which destroyed one home, damaged at least three others and…
The blockbuster merger between the second and third largest oilfield services companies is now officially dead. On May 1, Halliburton and Baker Hughes announced the…
Oil prices surged to their highest levels in six months on Wednesday as the Fed left interest rates unchanged. WTI jumped by 2.8 percent to…
It hasn’t been a great week for Big Oil. BP reported an 80 percent decline in earnings, and ExxonMobil lost its coveted AAA credit rating,…
ExxonMobil lost its AAA credit rating for the first time in more than 80 years. S&P downgraded the oil supermajor, which was one of only…
Venezuela—home to the largest oil reserves in the world--will for the next 40 days experience a four-hour blackout every single day, and there are fears…
China might be in the midst of another round of stockpiling, stepping up crude oil imports to fill its strategic petroleum reserve (SPR). The slowdown…
Egypt offers a bright spot for natural gas development, a lone bright spot in an energy world undergoing harsh austerity. The friendly business environment in…
As the world changes for Iran post-sanctions, it’s paying calls to those who benefitted from the country’s sanction shackles in one way or another, and…
As recently as a week ago, the energy bill that the U.S. Congress was considering was stalled and faced an uphill battle. But the Senate…
As Libya wrangles over who is going to control its oil, the Islamic State is closing in, using sporadic attacks designed to rattle nerves and…
While everyone is talking about the failure of the Doha negotiations, Kuwait has more than made up for OPEC’s failure all on its own. Kuwait’s…
The Obama administration unveiled new regulations on offshore drilling on Thursday, rules that were several years in the making. The regulations stem from the 2010…